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"a bird in the hand is worth two in the bush. Bank your profits. " Are you implying that banks are safer way to store wealth then Bitcoin? #Cyprys ;)

• beedogs 14y ago
  They sure are. Just not in Cyprus.
• niggler 14y ago
  What happened in Cyprus will not happen in the US. It's far easier to just print a ton of money than it is to confiscate or force a bank collapse (and Cyprus didn't have that option because they don't have control over EUR) https://www.youtube.com/watch?v=f-t17wziSnA&t=26s https://www.youtube.com/watch?v=f-t17wziSnA&t=26s
  • VLM 14y ago
    In the short term you're probably right. In the very long term all fiat currencies collapse, so yeah it will happen here, eventually. You have to have an engineers perspective. All manmade bridges collapse. That doesn't mean they're not useful, or its going to fall over tomorrow. But delusions of immortality are not realistic.
  • npongratz 14y ago
    Sure, the means are different, but the end result of printing tons of money is loss of value, same as outright theft. Only difference is scale: theft from depositors vs. theft from all those holding the inflated currency.
• deleted 14y ago
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